Optimise Your Market Data Spend
The global expenditure on market data continues to rise, with 2023 setting a new record of US$42 billion, marking a 12.4% year-on-year increase and passing the US$40bn mark for the first time. the upward trend in market data expenditure is expected to continue, driven by the growing demand for data analytics, regulatory requirements, and technological advancements in the financial sector. For financial institutions, market data costs represent a significant expense. As a result these costs are often a focus during expense management initiatives led by executive leadership.
At Sprada, we bring a proven track record in helping global and regional financial institutions reduce market data expenses without compromising operational effectiveness. Our services are designed to optimize your spending across market data terminals, data feeds, and distribution systems.
We conduct a thorough review of your vendor contracts, pricing structures, and data usage to identify opportunities for cost savings. Whether it involves exploring alternative data sources or renegotiating terms with existing vendors, we ensure that every recommendation aligns with your business goals and minimizes disruption to downstream applications.
Our expertise in vendor product offerings, pricing models, and negotiation strategies, combined with long-standing relationships with leading market data providers, enables us to secure the best possible outcomes. By partnering with us, you can streamline your market data expenditure while maintaining the quality and accessibility your organization depends on.
